Medicare Supplement Insurance

Did you know? Prices for Medicare supplemental insurance plans are the same no matter where you purchase from? Prices are fixed by law; therefore you cannot find a lower price for the same insurer’s product.  Working with our independent agency gives you access to a Medicare expert at no additional cost to you.  Learn, Shop, Enroll.

We help you find your best policy and also save you time on your application.  Get started today by comparing quotes from top Medicare supplement companies.

What is Medicare Supplemental (Medigap) Insurance?

Also commonly referred to as Medigap, Medicare supplemental insurance is sold by private insurance companies to supplement the “gaps” that original medicare does not cover, such as copayments, deductibles, and coinsurance. 

Standard Medicare plans pay an approved amount of health care cost.  But for many seniors, they would like to minimize out of pocket health care cost.  A supplemental policy does just that.  

Supplemental plans pay an additional share of your health care cost on top of what medicare already covers.  For example, medicare has a high deductible for hospital admission, and only pays 80% of eligible doctors cost.  A serious illness could set you back many thousands of dollars.  The right supplement plan can cover all or most of your out-of-pocket cost protecting your savings and providing peace of mind. 

medicare supplement insurance

Medicare supplement plans do no add any additional benefits to medicare.  Plans only supplement the cost of your original medicare plan.  If you’re looking to expand your medicare benefits you then you will need to purchase an Medicare Advantage policy. 

Medicare Supplement Options

All supplemental Medicare plans are federally regulated, and the laws around these plans are designed to protect your health and your wallet.  Medigap insurance companies can only sell “standardized” policies that are identified by the letters A through N.   These standardized plans provide the same coverage and benefit no matter what company you purchase from.  However, it is still wise to shop around when looking for your Medigap policy. Prices do vary between carriers and some providers offer innovative benefits.

Let us guide you through the numerous Medicare options and help you find your best policy.  We also help you choose a Medicare prescription plan that includes your specific medications. 

What do Medicare Supplemental Policies Cover?

As mentioned all Medicare Supplement Plans are lettered A – N.  Each plan covers a set of gaps in standard Medicare coverage.

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Key: A ✔ means the benefit on the left is covered by the corresponding supplement up top. For example, Plan F checks all boxes and fills in all gaps in Medicare Part A & Medicare Part B.

*Plan N has a $20 copay for office visits and $50 copay for ER visits.

What are the most popular Medicare Supplemental insurance plans?

The most popular Medicare supplemental plans are Plan F ,Plan G & Plan N.    These plans provide the most value and protect your savings with additional coverage for deductibles, coinsurance, and copays. 

Medicare supplemental insurance

 Plan F

Plan F is currently the most popular medicare supplement plan. And is the number one choice among baby boomers for many years.   This plan is particularly popular because it has zero out of pocket expenses.   Plan F  covers Medicare deductibles, all copays, and coinsurance.  If you looking for a plan with the least amount of of pocket, plan F is your best option.  

What Medigap Plan F Covers

  • Medicare Part A coinsurance & hospital cost
  • Medicare Part B coinsurance of copayment
  • Blood (first 3 pints)
  • Part A hospice care coinsurance or copayment
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Foreign travel emergency

Plan G

Medicare Plan G is the second most popular Medicare Supplement plan behind plan F.   And there is not too much difference between the two.  Plan G provides big savings in exchange for a small annual deductible.   It covers all the gaps of standard medicare plans paying hospital deductible, copays, and coinsurance.   It all so covers the remaining 20% that Part B does not cover.  Plan G essentially covers everything Plan F covers except for the Part B deductible. 

 

 

What Medigap Plan G Covers

  • Medicare Part A coinsurance & hospital cost
  • Medicare Part B coinsurance of copayment
  • Blood (first 3 pints)
  • Part A hospice care coinsurance or copayment
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Medicare Part B excess charges
  • Foreign travel emergency

Plan N

Plan N is another popular medicare supplement plan because it offers a good balance of out-of-pocket expenses and small affordable premiums.   You will pay your Part B deductible, excess charges and some copays.   However this plan has been extremely popular among baby boomer who like the idea of paying a low premium in exchange for a small annual deductible and some copays.  As you can see Plan N is very similar to Plan F and Plan G.

 

What Medigap Plan N Covers

  • Medicare Part A coinsurance & hospital cost
  • Medicare Part B coinsurance of copayment
  • Blood (first 3 pints)
  • Part A hospice care coinsurance or copayment
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Foreign travel emergency

Finding Your Best Plan

Shopping for Medicare supplement plans can be tedious and time consuming. But it does’nt have to be. 

Our independent agency connects gives you access to a Medicare expert who can help you shop and compare the best medicare supplemental insurance policies available. We can answer all of your questions and provide assistance for all things Medicare.

Our services are free for you to use. And there’s no obligation when speaking with one of our agents.  

We’ve helped thousands of seniors find better coverage at a lower cost.  See what wee can do for you.  

Get started today with your free medicare supplemental insurance quote.